Fiera Capital Corp Has $8.40 Million Holdings in Brookfield Asset Management Ltd. $BAM

Fiera Capital Corp grew its stake in Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 15.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 151,805 shares of the financial services provider’s stock after purchasing an additional 20,631 shares during the period. Fiera Capital Corp’s holdings in Brookfield Asset Management were worth $8,397,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in BAM. Caitong International Asset Management Co. Ltd lifted its stake in shares of Brookfield Asset Management by 1,270.6% in the second quarter. Caitong International Asset Management Co. Ltd now owns 466 shares of the financial services provider’s stock valued at $26,000 after buying an additional 432 shares during the period. Truvestments Capital LLC lifted its position in shares of Brookfield Asset Management by 85.5% in the 1st quarter. Truvestments Capital LLC now owns 937 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 432 shares during the period. First Horizon Advisors Inc. lifted its position in shares of Brookfield Asset Management by 127.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 995 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 558 shares during the period. DHJJ Financial Advisors Ltd. grew its holdings in shares of Brookfield Asset Management by 100,000.0% during the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 1,001 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Trust Co. of Vermont increased its position in shares of Brookfield Asset Management by 90.4% during the second quarter. Trust Co. of Vermont now owns 1,070 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 508 shares during the period. Institutional investors own 68.41% of the company’s stock.

Brookfield Asset Management Price Performance

Shares of BAM stock opened at $51.83 on Friday. Brookfield Asset Management Ltd. has a 52 week low of $41.78 and a 52 week high of $64.10. The stock has a market capitalization of $84.89 billion, a PE ratio of 34.79, a PEG ratio of 2.04 and a beta of 1.38. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.25 and a current ratio of 1.25. The stock’s fifty day moving average is $56.21 and its 200-day moving average is $57.37.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last released its quarterly earnings results on Friday, November 7th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. Brookfield Asset Management had a return on equity of 41.12% and a net margin of 55.92%.The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Equities research analysts expect that Brookfield Asset Management Ltd. will post 1.7 EPS for the current fiscal year.

Brookfield Asset Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, November 28th will be given a dividend of $0.4375 per share. This represents a $1.75 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Friday, November 28th. Brookfield Asset Management’s dividend payout ratio is presently 109.38%.

Wall Street Analyst Weigh In

BAM has been the subject of several research reports. Piper Sandler reduced their target price on Brookfield Asset Management from $65.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday, September 11th. Scotiabank reduced their price objective on shares of Brookfield Asset Management from $67.25 to $65.75 and set a “sector outperform” rating for the company in a report on Monday. Royal Bank Of Canada upped their target price on shares of Brookfield Asset Management from $74.00 to $76.00 and gave the company an “outperform” rating in a research note on Thursday, October 16th. National Bank Financial began coverage on shares of Brookfield Asset Management in a research report on Tuesday, July 29th. They issued an “outperform” rating and a $71.00 price target for the company. Finally, Bank of America lowered Brookfield Asset Management from a “buy” rating to a “neutral” rating and set a $68.00 price objective on the stock. in a research note on Thursday, September 4th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $64.23.

Brookfield Asset Management Company Profile

Brookfield Asset Management Ltd. is a real estate investment firm specializing in alternative asset management services. Its renewable power and transition business includes the operates in the hydroelectric, wind, solar, distributed generation, and sustainable solution sector. The company's infrastructure business engages in the utilities, transport, midstream, and data infrastructure sectors.